Previous close | 2.4300 |
Open | 1.8600 |
Bid | 1.7400 |
Ask | 2.3700 |
Strike | 2.00 |
Expiry date | 2024-05-17 |
Day's range | 1.8600 - 1.9100 |
Contract range | N/A |
Volume | |
Open interest | 104 |
(Bloomberg) -- Peloton Interactive Inc. kicked off the sale of a new loan as it works to refinance existing debt and recover from a recent slump in sales.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksThe fitness
Convertible notes - bonds that can turn into shares at pre-agreed prices - usually pay a lower rate of interest than typical bonds and can ease the debt burden on a company. Peloton has not determined the interest it will pay on the notes, but has decided that the payments would be made semi-annually, it said. Peloton shares fell 4% after the bell.
Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced that it intends to launch a global refinancing, pursuant to which it will offer $275.0 million aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private offering (the "offering") and enter into a $1.0 billion five-year term loan facility (the "new term loan facility") and a $100.0 million five-year revolving credit facility (together with the new term loan facility, the "new credit facilities").